At the Government session chaired by Deputy Prime Minister – Minister of National Economy Serik Zhumangarin, the formation of a pool of projects in priority sectors of the economy within the framework of the “Investment Order” program was discussed.

“Investment Order” is a new state program aimed at supporting investment projects of SMEs and large businesses to produce goods in high demand among the population and with a high share of imports. These are mainly goods in the agro-industrial complex (AIC) and consumer goods in the processing industry. The state defines promising niches with high potential for import substitution and export, while regions identify specific projects and businesses capable of implementing them. Evaluation of project effectiveness and financing will be carried out through the tools and mechanisms of the Baiterek holding.

“Together with the akimats of the regions and cities of national significance, an analysis of the production potential of the regions has been conducted. An investment portfolio of AIC projects has been formed, comprising 202 projects worth a total of 4.3 trillion tenge,” reported Vice Minister of Agriculture Yermek Kenzhekhanuly at the meeting.

The pool of AIC projects under the “Investment Order” includes the continued construction of dairy farms, the development of meat livestock and poultry farming, the processing of milk, meat, hides and wool, the construction of greenhouses, the processing of vegetables, fruits, and potatoes, the development of the sugar industry and deep grain processing, as well as the creation of fish-processing enterprises. Thus, the “Investment Order” will become a continuation of previous state programs aimed at reducing the country’s import dependence, with a focus on specific projects and their effectiveness for each segment of the industry.

In particular, to reduce import dependence on sugar, five sugar production projects are planned, including LLP “QAZAQARAB SUGAR” and LLP “Asyl Farms”. For poultry meat — 24 projects (JSC “AITAS KZ”, LLP “Eco Broiler Ltd”, and others); three projects in sausage production, including LLP “STERKH” and SPC “S-Bolashak”. In deep grain processing, the Turkish company “Tiryaki Holding” is already implementing a project in Astana to build an integrated agro-industrial complex for deep processing of grains and legumes. Processing capacity will be 240,000 tons of wheat and 80,000 tons of peas. The project cost is $320 million, with completion scheduled for 2028.

Vice Minister of Industry and Construction Olzhas Saparbekov presented a list of 26 consumer goods with high import dependence. These include cotton fabrics, school uniforms, footwear, sanitary ware, household appliances, cosmetics, and hygiene products. For these categories, a portfolio of 67 investment projects worth over 600 billion tenge has been formed, which will create around 10,000 jobs. Key initiatives include the production of cotton fabrics in Turkistan Region, sanitary ware in Kyzylorda Region, thermal insulation materials in Karaganda Region, and chipboard and laminated chipboard in North Kazakhstan Region.

Proposals for applying tax incentives to stimulate the light industry were discussed. All projects will undergo evaluation by the Baiterek holding to assess economic feasibility and investment attractiveness. Financing will be provided through the holding’s subsidiaries and, if necessary, through second-tier banks.

Investor selection will be based on financial stability, industry experience, and the level of production localization.

Summing up, Serik Zhumangarin instructed government agencies to complete all organizational and legal procedures for launching the program as soon as possible and, together with regions and businesses, to actively refine specific projects.

“The essence of the program is simple and clear. We have been working on all of its directions since the summer. Now begins the stage of practical implementation. When the project to replicate the North Kazakhstan Region’s experience in building dairy farms began, many doubted it — and now everyone is requesting funding. But resources are limited — funds will be allocated to those regions that are doing real work and have viable projects,” the Deputy Prime Minister concluded.

 

#Economy #Investments #Serik Zhumangarin

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